Stifel Reports 13% YoY Growth in Total Client Assets, Driven by Strong Markets and Recruiting — Stifel Financial Corp.

Event summary

Stifel Financial Corp. reported July 2026 operating data, with total client assets reaching $578.4 billion, up 13% YoY excluding the impact of the SIA sale.
Fee-based client assets hit a record $240 billion, a 17% YoY increase, driven by strong markets and solid recruiting.
Total loans grew over 3% in July, led by strength in fund banking and residential mortgages.
Treasury deposits increased by over $600 million in July, reflecting growth in venture deposits.
Client money market and insured product balances declined by 5% due to lower sweep balances.

The big picture

Stifel's July 2026 operating data highlights robust growth in client assets and loans, reflecting strong market conditions and effective recruiting strategies. The firm's ability to sustain this momentum will depend on its capacity to navigate potential market fluctuations and maintain its loan portfolio's health. The increase in treasury deposits underscores the firm's growing venture banking activities, positioning it well within the competitive financial services landscape.

What we're watching

Asset Growth Sustainability: Whether Stifel can maintain its 17% YoY growth in fee-based client assets amid potential market volatility.
Loan Portfolio Dynamics: The pace at which Stifel's loan portfolio, particularly in fund banking and residential mortgages, will continue to expand.
Deposit Trends: How the decline in client money market and insured product balances will impact Stifel's liquidity and funding strategies.